Sawt Falasteen - Economy

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Featured

Americans Hall and Woodford win economics Nobel for stabilisation models

Americans Robert Hall and Michael Woodford were awarded the Nobel economics prize Monday for their work on how monetary and fiscal policy can better stabilise disruptive economic fluctuations.

MEXC Brings AI, TradFi and the Future of Trading to Life at TOKEN2049 Singapore

MEXC, a pioneer in 0-fee digital asset trading, concluded its TOKEN2049 Singapore presence with a series of interactive experiences and industry discussions spanning TradFi access, AI-powered trading and the future evolution of global trading platforms.

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Trump backs off Mexico, Canada tariffs after market blowback

US President Donald Trump on Thursday unveiled a temporary rollback to steep tariffs targeting Canada and Mexico, providing some reprieve to companies and consumers after sustained blowback on global markets.

California's Democratic governor says trans women in sports 'unfair'

California Governor Gavin Newsom expressed opposition Wednesday to transgender women competing in women's sports, becoming the highest profile Democrat to break from the party's stance on trans rights.

Drop in US border crossings goes deeper than Trump

President Donald Trump boasts he has brought illegal border crossings into the United States to record lows, but experts say the reasons for the drop go beyond his hardline anti-immigration stance.

Peru farmer confident ahead of German court battle with energy giant

A Peruvian farmer suing a German energy giant in a "David and Goliath" battle over climate change damage, says he has "full confidence" in the legal process in Germany.

European rocket successfully carries out first commercial mission

Europe's new rocket Ariane 6 successfully carried out its first commercial mission on Thursday, placing a French military satellite into orbit and confirming the continent's independent access to space.

Trump backs off Mexico tariffs while Canada tensions simmer

US President Donald Trump said Thursday that he was pausing sweeping tariffs recently imposed on Mexican imports after talks with Mexican President Claudia Sheinbaum, while tensions with Canada continued to simmer amid strong blowback on world markets.

Europe's new rocket blasts off on first commercial mission

Europe's new heavy-lift rocket Ariane 6 blasted off on its first commercial mission Thursday, carrying with it the continent's hopes of bolstering its security and independent access to space.

US signals broader tariff reprieve for Canada, Mexico as trade gap grows

The United States hinted Thursday at an expanded reprieve for Canada and Mexico from President Donald Trump's steep tariffs, with a one-month pause for car imports potentially extended to all goods covered by a North American trade pact.

ECB chief warns of 'risks all over' as rates cut again

European Central Bank chief Christine Lagarde warned Thursday the eurozone faces "risks all over" amid US tariff threats and massive German spending plans, as policymakers cut rates again but signalled future monetary easing was in doubt.

US trade gap hits new record in January as tariff fears loomed

The US trade deficit surged to a new record in January, government data showed Thursday, as imports spiked while tariff worries flared in the month of President Donald Trump's inauguration.

ECB lowers rates again but hints more cuts in doubt

The European Central Bank cut interest rates again Thursday to boost the struggling eurozone but suggested easing could be nearing an end and warned of "rising uncertainty" amid massive German spending plans and US tariff threats.

World's sea ice cover hits record low in February

Global sea ice cover fell to a historic low in February when the world continued to experience exceptional heat and temperatures reached 11 degrees Celsius above average near the North Pole, Europe's climate monitor said on Thursday.

Philippines' Palawan approves 50-year ban on new mining permits

The local government in a resource-rich Philippine province has unanimously voted in favour of a 50-year ban on new mining permits, a decision its supporters said cannot be overridden by Manila.

Prosecutors demand Rubiales forced kiss trial be re-run

Prosecutors on Thursday requested that the trial of Spain's ex-football federation chief Luis Rubiales for his forced kiss on Jenni Hermoso be annulled and re-run, notably questioning the judge's impartiality.

European rocket aims for first commercial launch after delays

After several false starts, Europe's new rocket Ariane 6 is aiming to finally blast off on its first commercial mission Thursday, carrying with it the continent's hopes of bolstering its security and independent access to space.

Ukraine titanium mine hopes US deal will bring funds

In a barren, yellow-and-grey moonscape, heavy machinery grinds away at a titanium mine in the heart of Ukraine.

China vows to fight US trade war 'to the end'

China vowed to fight a trade war with the United States "to the end" on Thursday, as tariffs from Washington buffeted the global economy and threatened to hit Beijing's lagging growth.

7-Eleven owner seeks to fend off takeover with buyback, US IPO

The Japanese owner of 7-Eleven announced on Thursday a raft of new measures to fend off a takeover by a Canadian rival, including a huge share buyback and an IPO of its US unit.

Asian markets rally on US tariff reprieve, possible China stimulus

Asian stocks climbed on Thursday as investors welcomed US President Donald Trump's auto tariff delay and were expecting China to announce a large stimulus package.

Chinese economy faces rising international 'uncertainty', official says

China's economy is facing growing "uncertainty" in the international environment, as well as insufficient domestic demand, a top economic official said on Thursday.

Strikes hit Lufthansa profits, Olympics dent Air France

German airline giant Lufthansa said Thursday its 2024 profits dived during a turbulent year marked by strikes, rising costs and delays in aircraft deliveries, but vowed a turnaround plan will boost earnings this year.

Rohingya refugee food aid to be halved from next month: UN

Rations will be halved for around one million Rohingya refugees in Bangladesh from next month due to a lack of funds, the United Nations food agency has said.

Lufthansa 2024 profits dive amid strikes, rising costs

German airline giant Lufthansa said Thursday its 2024 profits dived during a turbulent year marked by strikes, rising costs and delayed aircraft deliveries, as a post-pandemic rebound petered out.

Asian markets rise on Trump auto tariff reprieve

Asian markets climbed on Thursday after US President Donald Trump announced a one-month tariff delay on auto imports from Mexico and Canada.

Debate over rates pause mounts as ECB set to cut again

Massive German spending pledges and uncertainty caused by US trade policy are fuelling expectations the European Central Bank could on Thursday signal that a pause in interest rate cuts is in sight, analysts said.

Tajik women speak out against government fashion advice

Women in Tajikistan are being advised by the government to dress more "Tajik-style" and not wear either revealing Western clothes or Islamic head coverings -- supposedly to reinforce national identity.

Global stocks rally on German defense push, US pause on auto tariffs

Global stocks rallied on Wednesday, buoyed by Germany's plan to massively boost spending on defense and a move by the White House to pause tariffs on auto imports from Mexico and Canada.

Trump tariffs reverberate through Mexico's industrial belt

For decades, Mexico's industrial borderlands boomed thanks to growing trade with the world's largest economy next door. Today, US tariffs cast a long shadow over a region home to thousands of factories employing armies of workers.

Deluge of Trump tariffs seen hitting household budgets

Consumer items ranging from avocados and strawberries to electronics and gasoline look poised for price hikes in the wake of President Donald Trump's tariffs on Mexico, Canada and China.

Trump suspends tariffs for autos as Trudeau call yields no breakthrough

Automakers received a temporary reprieve Wednesday from US President Donald Trump's tariffs targeting Canada and Mexico, as concerns mounted over consumer impacts and talks with Canadian Prime Minister Justin Trudeau yielded no immediate breakthrough.

Supreme Court rejects Trump bid to freeze $2 bn in foreign aid

A divided US Supreme Court handed a legal defeat to President Donald Trump on Wednesday, rejecting his bid to freeze some $2 billion in foreign aid payments.

Mind the wage gap: China's subway farmers highlight inequality

Elderly Chinese farmers carrying enormous baskets of vegetables squeezed into a subway station as its doors opened before dawn on Wednesday, on the outskirts of megacity Chongqing.

Sawt Falasteen - Economy (English)